Greatbatch (GB) Price Target Raised to $71 at KeyBanc

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Go back to Greatbatch (GB) Price Target Raised to $71 at KeyBanc

Greatbatch (GB) to Acquire Lake Region Medical in ~$1.73B Deal

August 27, 2015 6:31 AM EDT

Greatbatch (NYSE: GB) announced that it has entered into a definitive agreement to acquire Lake Region Medical for approximately $1.73 billion in cash and stock, a transformative deal that will create one of the largest medical device OEM suppliers in the world serving the cardiac, neuromodulation, vascular, orthopaedics and advanced surgical markets.

Greatbatch develops and manufactures critical medical device technologies for the cardiac, neuromodulation, vascular and orthopaedic markets; and batteries for high-end niche applications in the portable medical, energy, military, and environmental markets. Lake Region Medical helps bring life changing products from concept to... More